Let's dig into the relative performance of Booking (NASDAQ:BKNG) and its peers as we unravel the now-completed Q3 consumer internet earnings season.

The ways people shop, transport, communicate, learn and play are undergoing a tremendous, technology-enabled change. Consumer internet companies are playing a key role in lives being transformed, simplified and made more accessible.

The 34 consumer internet stocks we track reported a weaker Q3; on average, revenues beat analyst consensus estimates by 1.2% while next quarter's revenue guidance was 1.1% below consensus. Investors abandoned cash-burning companies to buy stocks with higher margins of safety, but consumer internet stocks held their ground better than others, with the share prices up 16.5% on average since the previous earnings results.

Booking (NASDAQ:BKNG)

Formerly known as The Priceline Group, Booking Holdings (NASDAQ:BKNG) is the world’s largest online travel agency.

Booking reported revenues of $7.34 billion, up 21.3% year on year, topping analyst expectations by 1.1%. It was a decent quarter for the company, with strong growth in its user base.

The company reported 276 million nights booked, up 15% year on year. The stock is up 24.9% since the results and currently trades at $3,545.17.

Is now the time to buy Booking? Access our full analysis of the earnings results here, it's free.

Best Q3: MercadoLibre (NASDAQ:MELI)

Originally started as an online auction platform, MercadoLibre (NASDAQ:MELI) is a one-stop e-commerce marketplace and fintech platform in Latin America.

MercadoLibre reported revenues of $3.76 billion, up 39.8% year on year, outperforming analyst expectations by 5.9%. It was a very strong quarter for the company, with impressive growth in its user base and exceptional revenue growth.

MercadoLibre pulled off the fastest revenue growth among its peers. The company reported 120 million daily active users, up 36.4% year on year. The stock is up 22.4% since the results and currently trades at $1,588.99.

Is now the time to buy MercadoLibre? Access our full analysis of the earnings results here, it's free.

Weakest Q3: Overstock (NASDAQ:OSTK)

Originally launched as a website focusing on selling clearance sale electronics and home goods merchandise, Overstock (NASDAQ: OSTK) is a leading online retailer of home goods, primarily furniture.

Overstock reported revenues of $373.3 million, down 18.9% year on year, falling short of analyst expectations by 5.8%. It was a weak quarter for the company, with declining users and revenue.

The stock is up 9.7% since the results and currently trades at $16.78.

Read our full analysis of Overstock's results here.

Sea (NYSE:SE)

Founded in 2009 and a publicly traded company since 2017, Sea (NYSE:SE) started as a gaming platform and has since expanded to offer a variety of services such as e-commerce, digital payments, and financial services across Southeast Asia.

Sea reported revenues of $3.31 billion, up 4.9% year on year, surpassing analyst expectations by 3.1%. It was a weak quarter for the company, with a decline in its user base and slow revenue growth.

The company reported 40.5 million users, down 21.4% year on year. The stock is down 22.1% since the results and currently trades at $35.87.

Read our full, actionable report on Sea here, it's free.

Roku (NASDAQ:ROKU)

Spun out from Netflix, Roku (NASDAQ: ROKU) makes hardware players that offer access to various online streaming TV services.

Roku reported revenues of $912 million, up 19.8% year on year, surpassing analyst expectations by 6.6%. It was a very good quarter for the company, with a solid beat of analysts' revenue estimates and strong growth in its user base.

The company reported 75.8 million monthly active users, up 15.9% year on year. The stock is up 43.6% since the results and currently trades at $85.75.

Read our full, actionable report on Roku here, it's free.

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The author has no position in any of the stocks mentioned